Penske Opens New Kentucky facility to Support Ford

READING, Pa., July 16, 2007 - Today, Penske Logistics announced the official grand
opening of its new logistics facility in Louisville, Ky. The site was developed by First
Industrial using Penske specifications to handle parts for all of Ford Motor Company's North
American manufacturing plants.

"We worked as a team to develop a facility that is customized to meet Ford's logistics needs
and one that helps drive greater efficiencies in its supply chain," said Bill Scroggie, Vice
President – Operations, Penske Logistics.

This expansive 118,000 square-foot
facility is centrally located, along a major rail line, near
interstates 65 and 265. The 140-door
warehouse and cross-docking
site has the capacity to
simultaneously unload up to a half-dozen
86-foot
boxcars enabling highly efficient truck-to-rail
or rail-to-truck
shipments. The facility handles more than 800 shipments daily to Ford's
manufacturing sites across North America.

The new Penske facility is located at 3200 Pond Station Road and replaces a smaller
Penske facility at 2203 Walrich Drive. The new facility employs approximately 65 people.

"We are very pleased to continue to invest in and be a part of the Louisville community as
an employer," added Scroggie. "We have already created more than 15 new jobs and we
will continue expanding our staff as demand requires."

Penske Logistics is a strategic supplier to Ford Motor Company through its North America
Aligned Business Framework program.

About Penske Logistics
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing, a joint venture of
Penske Corporation and General Electric. Penske Logistics provides supply chain
management and logistics services to major industrial and consumer companies throughout
the world. The company has offices and operations in North America, South America,
Europe and Asia. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international
forwarding and carrier
management. Visit
www.PenskeLogistics.com to learn more about the company and its services.